No, we’ll destroy houses for freeways and data centers
Comment on Housing prices
AdolfSchmitler@lemmy.world 3 weeks agoDon’t worry, with birth rates dropping like a rock we’ll have plenty of extra houses in a couple generations, assuming humanity can make it that far.
Frozengyro@lemmy.world 3 weeks ago
chonglibloodsport@lemmy.world 3 weeks ago
Or they’ll be bought up and turned into rentals. Student houses, Airbnb, etc.
caseyweederman@lemmy.ca 3 weeks ago
Doubt it. There are plenty of empty houses right now.
matlag@sh.itjust.works 3 weeks ago
Right now, the folks keeping an empty unit for speculation can afford to keep it empty.
When the less wealthy investors who need to pay a mortgage for their micro-estate empire of 3 units realize the demand is fading, they’ll be forced into lowering rental cost and maybe even selling.
China has seen a ginormous housing value appreciation over decades. The population is shrinking and the correction is happening. It is brutal.
caseyweederman@lemmy.ca 3 weeks ago
Well no, they’ll sell to cut their losses. To people richer than them.
matlag@sh.itjust.works 3 weeks ago
Yeah, that’s still possible. Corps should be banned from buying housing units. People who buy @ore than one should be taxed with an increasing rate for each additional unit.
schipelblorp@sh.itjust.works 3 weeks ago
The other factor with much of our development is that it requires an automobile, automobiles that are consistently getting more expensive to buy and repair. We’ve really fucked up.